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After XCharge was installed at EnBW, Germany's largest fast charging operator, I spent over two months researching the company, analyzing their financials, and physically visiting their Karlsruhe pilot sites multiple times to read energy meters across all 12 charge points. This report answers one question: will XCharge become EnBW's second strategic charger supplier? 22 pages of field data, financial analysis, and a 2030 deployment scenario you won't find anywhere else. Bonus: 15-min strategy call with the author included.